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Filtered by Digital Payments — 54 articles

John Winchcombe

21 June 2021

6 min read

What Drives Consumer Payment Behaviour?

In 2019 National Westminster Bank (NatWest) commissioned independent academic research to look into the drivers of consumer payment behaviour, including consumer attitudes and intentions towards cash. The research was carried out by Professor Darren Duxbury, Dr Thanos Verousis and by David Marsh. This is a short summary of their work with the full research being published in due course.

Cash Usage Data Analytics Digital Payments

John Winchcombe

18 May 2021

2 min read

The Importance of Trust

Digital is hard. Digital is remote. Money matters and financial matters are not trivial. Are banks sure, therefore, that widespread branch closures are wise?

Bank Branch Digital Payments

John Winchcombe

18 May 2021

5 min read

Payment News

A recent article in Kenya’s Star newspaper looked at why the informal transport system of ‘matatus’ (privately owned cars or minibuses acting as shared taxis) does not make use of M-Pesa wholeheartedly. It suggests two reasons.

Cards Digital Payments News

John Winchcombe

27 April 2021

2 min read

Digital Financial Inclusion

Financial inclusion is a hot topic as the move to online and mobile banking leads to fewer bank branches. When banks announce closure plans they quote how many customers now interact over the phone, internet or smartphone and the number of people registering new mobile phone apps (in the case of HSBC, 90% and 750,000 respectively in the last 12 months).

Bank Branch Commercial Banks Digital Payments

John Winchcombe

27 April 2021

4 min read

Payment News

As part of its National Payment System, the South African Reserve Bank (SARB) is considering a new domestic card and payment system and has issued a consultation paper.

Digital Payments News

John Winchcombe

11 April 2021

5 min read

Payment News

Google Pay is changing. The existing Google Pay will shut down in the US on 5 April and a new app has to be downloaded if you want to continue paying with Google on your phone.

Digital Payments News

John Winchcombe

5 March 2021

5 min read

New Initiative to Ensure Universal Access to Payments

Payments in their many guises are essential to the way we all live our lives, to buy bread and milk, to heat or homes and to do many other things. Around the world the majority of people take payments for granted and are able to choose the payment option that suits their needs for the particular transaction. However, many people don’t have this choice and have to rely on a single payment method, and this is very often cash.

CBDC Digital Payments Future of Cash

John Winchcombe

2 Feb. 2021

3 min read

Italy Moving Towards Digital Payments

The European Central Bank (ECB) is keen that EU member states engage with the public policy debate around Central Bank Digital Currencies (CBDCs) for the eurozone. In this context, it is reported that the Italian Banking Association is starting a technical feasibility study into using Distributed Ledger Technology (DLT) for a future ‘digital euro’.

CBDC Digital Payments

John Winchcombe

2 Feb. 2021

5 min read

News in Brief

In the UK a company called BitcoinPoint has acted to make owning and using bitcoins easier. They are collaborating with the independent ATM operator Cashzone, who run 16,000 ATMs across the UK.

ATMs Cash Management Digital Payments

John Winchcombe

4 Jan. 2021

5 min read

News in Brief

Allied Universal has offered 245 pence in cash for each G4S plc share and agreement on the terms of the offer have been reached. This values the company at £3.8 billion, representing a premium of about 68% to the closing price of G4S shares on 11 September 2020, and an 11% premium to the highest closing price in the previous year. GardaWorld had offered 235 pence per share, some 4% less. G4S Directors intend unanimously to recommend that their shareholders accept the offer.

Commercial Banks COVID Digital Payments

John Winchcombe

4 Jan. 2021

2 min read

DMI – the Future of Payments

OMFIF’s Digital Monetary Institute recently published a report on the Future of Payments. The report is a thorough examination of non-cash payment developments but two elements stood out. Firstly, a striking infographic showing the age profiles of four parts of the world and, secondly, more information on the growth, importance and impact of mobile payments.

Digital Payments Future of Cash

John Winchcombe

4 Jan. 2021

5 min read

Payments in Brief

Wholesale Central Bank Digital Currencies (CBDC) are a less talked about element of the CBDC conversation, perceived as more operational than revolutionary. However, the Bank for International Settlements (BIS) has successfully concluded a proof-of-concept project with the Swiss National Bank (SNB) and SIX to explore the performance of the technology to integrate a tokenised digital asset and central bank money.

Apps CBDC Digital Payments

John Winchcombe

22 Dec. 2020

4 min read

Africa Banks on Mobile Payments

Only 28.5% of Africa’s 1.17 billion people have bank accounts and the infrastructure of bank branches and ATMs is sparse. The last 20 years had seen payments in Africa change rapidly along African lines, rather than those of Europe or Asia or elsewhere. While payments in Africa continue to change, it appears that the future is mobile.

Digital Payments

John Winchcombe

22 Dec. 2020

5 min read

News in Brief

The South China Morning Post has published its first China FinTech report. Mobile payments now account for four out of every five payments and for more than half the value of all non-cash retail payments for consumers and businesses. The report states that China’s massive domestic financial market has an estimated 87% of consumers using FinTech services, a $29 trillion mobile payment market in 2019.

Cash Usage Digital Payments Future of Cash

Latest News

What Drives Consumer Payment Behaviour?

The Importance of Trust

Payment News

Digital Financial Inclusion

Payment News

Payment News

New Initiative to Ensure Universal Access to Payments

Italy Moving Towards Digital Payments

News in Brief

News in Brief

DMI – the Future of Payments

Payments in Brief

Africa Banks on Mobile Payments

News in Brief

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